Subordinate Certificate Corridor Contract definition

Subordinate Certificate Corridor Contract. The confirmation and agreement, including the schedule thereto and the related credit support annex (attached as Exhibit M-4 hereto), between the Trustee on behalf of the Issuing Entity and the Cap Contract Counterparty (attached as Exhibit M-3 hereto), with respect to the Subordinate Certificates.
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Subordinate Certificate Corridor Contract means a confirmation and agreement including the schedule thereto between the Securities Administrator on behalf of the Issuing Entity and the Cap Contract Counterparty for the benefit of the Subordinate Certificates.
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Examples of Subordinate Certificate Corridor Contract in a sentence

  • Amounts received on the Class A-1 Corridor Contract will only be available to make payments on the Class A-1 Certificates, amounts received on the Class A-2 Corridor Contract will only be available to make payments on the Class A-2 Certificates, amounts received on the Subordinate Certificate Corridor Contract will only be available to make payments on the Subordinate Certificates.

  • Amounts received on the Class 1-A Corridor Contract will only be available to make payments on the Class 1-A and Class R Certificates, amounts received on the Class 2-A Corridor Contract will only be available to make payments on the Class 2-A Certificates, amounts received on the Subordinate Certificate Corridor Contract will only be available to make payments on the Subordinate Certificates.